URG Stock Summary and Trading Ideas (Ur-Energy | AMEX:URG)

Ur-Energy Inc is y is engaged in uranium mining and recovery operations, with activities including the acquisition, exploration, development, and production of uranium mineral resources located in Wyoming. The company owns and operates the Lost Creek in-situ recovery uranium facility in south-central Wyoming, Lost Creek received an amendment to its license allowing the expansion of mining activities within the existing Lost Creek Project and the adjacent LC East Project.

Ur-Energy trades on the AMEX stock market under the symbol URG.

As of April 24, 2024, URG stock price declined to $1.61 with 3,014,290 million shares trading.

URG has a beta of 0.93, meaning it tends to be less sensitive to market movements. URG has a correlation of 0.06 to the broad based SPY ETF.

URG has a market cap of $453.42 million. This is considered a Small Cap stock.

Last quarter Ur-Energy reported $5 million in Revenue and -$.02 earnings per share. This beat revenue expectation by $111,000 and missed earnings estimates by -$.01.

In the last 3 years, URG stock traded as high as $2.15 and as low as $.82.

The top ETF exchange traded funds that URG belongs to (by Net Assets): URA, URNM, VTI, URNJ, SETM.

URG has outperformed the market in the last year with a return of +83.0%, while the SPY ETF gained +23.9%. However, in the most recent history, URG shares have underperformed the stock market with its stock returning -9.0% in the last 3 month period and -5.8% for the last 2 week period, while SPY has returned +4.3% and -3.0%, respectively.

URG support price is $1.64 and resistance is $1.74 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that URG stock will trade within this expected range on the day.